The Global Carpet and Rugs Market is Segmented by Type (Tufted, Woven, and More), Distribution Channel (Mass Merchandisers, Home Centers, and More), End-User (Industry, Residential, and Commercial Offices), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

USD 37079.99 Million in 2024; projected USD 66045.75 Million by 2033; CAGR 6.6%.

The statistic shows the value of the global flooring and carpet market in 2018 and 2025. In 2018, the global flooring and carpet market was valued at approximately ***** billion U.S. dollars and was forecast to reach a value of *** billion U.S. dollars by 2025.

The global carpet flooring market was valued at USD 89.55 billion in 2023 and is projected to reach USD 125.30 billion by 2029, growing at a CAGR of 5.76%.

Global Carpets and Rugs Market Analysis Size, Share, Growth, Trend & Carpets and Rugs Market Forecast 2027 By Type, By Material, By Distribution Channel, By End-User, By Company, By Region & Opportunities,

After two years of decline, the global carpet market increased by 2.8% to $57.2B in 2024. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $78.7B. From 2022 to 2024, the growth of the global market remained at a somewhat lower figure.

Explore the booming global carpet and rugs market (est. $75B in 2025), driven by rising home décor demand, sustainable trends, and commercial growth. Get insights on market size, CAGR, drivers, restraints, and regional opportunities.

The global carpets and rugs market size was estimated at USD 82.15 billion in 2022 and is predicted to surpass USD 126.21 billion by 2030 and is poised to reach a CAGR of 5.51% during the forecast period 2023 to 2030.

According to Cognitive Market Research, the global Carpet Making Machine market size was USD 3521.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1408.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1056.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 809.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 176.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 70.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
The e-commerce category is the fastest growing segment of the Carpet Making Machine industry

Market Dynamics of Carpet Making Machine Market

Key Drivers for Carpet Making Machine Market

Rising demand for customized carpets in both residential and commercial sectors

The increasing demand for customized carpets is driven by the desire for unique and personalized home and business decor. In the residential sector, consumers are looking for flooring options that reflect their personal tastes, with custom patterns, colors, and materials. The trend is particularly strong in high-end homes and boutique establishments. In the commercial sector, businesses such as hotels, offices, and retail spaces seek bespoke carpet solutions that enhance their brand identity and create specific atmospheres. Customized carpets allow for greater design flexibility and cater to niche markets, fueling growth in the carpet-making machine industry, as manufacturers adapt their machinery to produce tailored products efficiently and at scale.

Growth in the real estate and construction industry, increasing demand for flooring solutions

The expansion of the real estate and construction sectors is directly influencing the demand for carpets, especially in residential and commercial building projects. As urbanization continues and more residential, commercial, and industrial buildings are developed, the need for flooring solutions increases. Carpets are a popular choice for flooring due to their aesthetic appeal, comfort, and noise reduction qualities. In residential buildings, carpets are used to enhance living spaces, while in commercial spaces, they serve both functional and design purposes. This growing demand for flooring solutions across different sectors is propelling the carpet making machine market, with manufacturers focusing on scalability, innovation, and the ability to meet diverse design requirements.

Restraint Factor for the Carpet Making Machine Market

Availability of low-cost, imported carpets limiting domestic production growth

The availability of low-cost, imported carpets is a significant restraint on the growth of domestic carpet production. Many countries, particularly those in Asia, produce carpets at much lower costs due to cheaper labor and material costs, creating intense competition for domestic manufacturers. These imported carpets often undercut the prices of locally produced ones, making it challenging for domestic producers to compete, especially smaller and medium-sized enterprises that lack the economies of scale. Consumers are increasingly drawn to these affordable alternatives, which limits the market share for locally made carpets. As a result, domestic manufacturers are under pressure to reduce their production costs, improve efficiency, and find ways to add value, such as offering premium or customized products, to remain competitive.

Impact of Covid-19 on the Carpet Making Machine Market

The COVID-19 pandemic had a significant impact on the Carpet Making Machine Market, causing disruptions in both production and demand. Lockdowns and restrictions led to supply chain delays, making it difficult for manufacturers to source raw materials and components for carpet machines. Additionally, factory closures and labor shortages hampered...

According to Cognitive Market Research, the global Tufted Carpet market size was USD 31245.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 12498.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9373.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7186.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1562.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 624.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Nylon is the fastest growing segment of the Tufted Carpet industry

Market Dynamics of Tufted Carpet Market

Key Drivers for Tufted Carpet Market

Growing Preference of Consumers for Interior Design to Boost Market Growth

Tufted carpet sales are rising due in large part to consumers' increasing preference for aesthetically pleasing homes. Tufted carpets are an adaptable flooring option that improves a space's overall appearance and feel as homeowners try to create more individualized and fashionable interiors. Because they come in a range of designs, hues, and textures, customers may match classic or modern decor styles to their living spaces due to these carpets. For household use, tufted carpets are especially popular because they provide a warm and inviting ambiance. An increasing emphasis on house renovation projects and rising disposable incomes are contributing factors to this trend, which has led to an increase in the purchase of tufted carpets and other high-end adornment goods for homes.

The Growing Hospitality Industry to Drive Market Growth

The tufted carpet market is growing as a result of the rise of the hospitality sector. A growing number of hotels, resorts, and commercial hospitality venues are investing in superior flooring options to improve visitor experiences and create cozy environments. Tufted carpets can be used with a number of interior themes, from modern to luxurious; they are especially well-liked for their comfort, visual appeal, and design versatility. They are also suited for high-traffic areas like lobbies, hallways, and guest rooms due to their resilience and simplicity of upkeep. New hotel constructions, restorations, and an increasing emphasis on delivering premium guest comfort and aesthetics are driving up demand for tufted carpets as the hospitality sector expands globally, particularly in emerging regions.

Restraint Factor for the Tufted Carpet Market

Higher Challenge from Substitute Flooring Options Will Limit Market Growth

The tufted carpet market is severely constrained by the fierce competition from alternative flooring solutions. Due to their modern aesthetics, ease of upkeep, and durability, flooring options, including ceramic tiles, vinyl, hardwood, and laminate, are becoming more and more popular. Particularly in locations with heavy traffic and moisture content where carpets might not be the best choice, these alternatives are frequently seen as more durable and useful. Furthermore, consumers' preferences are impacted by the trend toward modern, minimalist homes that frequently choose hard surfaces over conventional carpets. Budget-conscious buyers find these alternatives appealing because of their diversity and cost, which puts pressure on the tufted carpet industry to innovate and compete on both price and quality. Competition generally has an impact on the demand for tufted carpets and restricts market expansion.

Trends in the Tufted Carpet Market

Increasing Demand for Home Renovation and Interior Design

The worldwide surge in home remodeling and interior decoration is fueling the demand for tufted carpets, attributed to their cost-effectiveness, comfort, and visual charm. Consumers favor...

• Carpet Market Scope:

The report on Carpet Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. forecast years. The global carpet market is segmented on the basis of type, application, and geography.

The Global Carpet market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. Read More

Market Summary of Carpets and Rugs Market:

• The Carpets and Rugs Market size in 2023 was XX Million. The Carpets and Rugs Market compound annual growth rate (CAGR) was XX% from 2024 to 2031. • Expanding customer demand for a variety of carpet and rug styles and Growing consumer demand for options for home furnishings fosters the market expansion. • The demand for carpets and rugs decreased as a result of the widespread implementation of lockdown measures, which caused construction projects and home renovations to be canceled or postponed • To expand their product ranges, major market players are heavily investing in research and development, which will fuel further growth in the cervical fusion market.

Market Overview of Carpets and Rugs Market:

Key Drivers of Carpets and Rugs Market

Expanding customer demand for a variety of carpet and rug styles to foster market expansion

Companies are expanding their inventory to meet the growing demand for a variety of carpet and rug styles, including tile flooring, wooden parquet flooring, laminate flooring, area rugs, kitchen rugs etc. One major factor supporting market expansion in the sector is the growing consumer demand for a wide range of carpet and rug styles. This increase in demand is explained by changing consumer tastes as well as the growing importance of interior design in contemporary homes. Nowadays, buyers are looking for carpets and rugs that represent their individual styles and aesthetic sensibilities in addition to being comfortable and functional accent pieces. For Instance, recognizing shifting consumer demands, The Rug Republic has redefined carpets as a fashion staple for homes through e-commerce expansion. Tailored strategies cater to diverse preferences, offering personalized experiences. In response to evolving consumer expectations, seamless shopping across channels is ensured through integrated systems and a consistent brand voice.(Source:https://www.indianretailer.com/article/retail-business/retail-trends/spiritual-tourism-sparks-retail-renaissance-sacred-cities) Additionally, the rising rate of urbanization and rising standard of living are attributed to the growing demand for carpets and rugs among people. The market is expanding due to changing consumer preferences for eco-friendly floor carpets composed of materials like wool, bamboo, and other materials. For Instance, Renowned home décor brand GharGhar is well-known for its handcrafted, environmentally friendly modern rugs, cushions, and accessories that draw inspiration from heritage, art, and culture. GharGhar upgrades any space with their recently launched line of sustainably made hand rugs. (Source:https://www.architectandinteriorsindia.com/products/leave-eco-friendly-footprints-with-this-handmade-carpet-collection)In conclusion, the market for carpets and rugs is growing quickly due to rising consumer demand for a range of styles and environmentally friendly and innovative options.

Growing consumer demand for options for home furnishings will fuel market expansion.

The market for rugs and carpets has significantly increased as a result of consumer demand for a wide variety of options in home furnishings. This increase can be ascribed to a number of things, such as evolving lifestyles, heightened awareness of interior design, and the need for unique living environments. The market for a wide range of rug and carpet styles has expanded dramatically as homeowners look to furnish their homes with both comfortable and visually appealing spaces. Customers are increasingly searching for options that satisfy their unique tastes and preferences, whether they are traditional oriental rugs or modern, minimalist carpets. There has also been trend in the carpet and rug business due to increased consumer interest in home décor. For Instance, In 2023, Leading e-commerce site Myntra reports a 50% surge in demand for items in its home category. To accommodate the holiday season, the platform has added over 20 new brands and 50,000 new products. Half of Myntra's entire home portfolio consists of home furnishing brands.The growing demand for home furnishing options that help to improve the ambiance or look of the house is expected to fuel growth in the global carpet and rug market. For Instance, The famous furniture retailer WoodenStreet h...

The Global Carpets & Rugs market is anticipated to grow at more than 6.4% CAGR from 2025 to 2030.

According to Cognitive Market Research, Global Luxury Carpet Market is Growing at a Compound Annual Growth Rate (CAGR) of 8.20% from 2023 to 2030.

The demand for Luxury Carpets is rising due to the disposable income of consumers and the rise in the need for furnishing products. 
Demand for practical qualities and aesthetics in the Luxury Carpet market.
The tufted and nylon category held the highest Luxury Carpet market revenue share in 2023.
North America will continue to lead, whereas the European Luxury Carpet market will experience the most substantial growth until 2030.

Rising Number of Technologically Advanced Products to Provide Viable Market Output

The global luxury carpet market is experiencing growth driven by an increasing number of technologically advanced products. With advancements such as smart carpets incorporating lot technology, temperature regulation, and interactive features, consumer preferences are shifting towards more sophisticated options. These innovations enhance the aesthetic appeal and offer functional benefits like energy efficiency and convenience. As consumers seek both luxury and cutting-edge technology in home decor, the market's viability is strengthened. The rising demand for these high-tech carpets reflects a convergence of style and innovation, presenting significant opportunities for manufacturers to cater to consumers' evolving preferences in the luxury carpet segment.

For instance, in August 2020, Ikea Systems launched a Thai street-style collection; they are affordable and multifunctional those are inspired by recycling, reusing, and creative repurposing. The collection combines Thai street style and home furnishing expertise, including cushions and rugs made from PET bottles.

(Source:www.ikea.com/us/en/newsroom/range-news/sammankoppla-bangkok-street-style-meets-home-furnishing-pub51fac377)

Increasing Renovations and Remodelling to Increase Product Demand to Propel Market Growth

The global luxury carpet market is experiencing growth propelled by a surge in renovations and remodeling activities. As consumers focus on enhancing the aesthetics of their living spaces, there is a heightened demand for premium and luxurious carpet options. The market benefits from the increasing preference for high-quality materials, intricate designs, and superior craftsmanship. Luxury carpets, known for their durability and opulence, are becoming integral to interior design projects. This trend is driven by a growing emphasis on home improvement, contributing to the market's expansion. As renovations and remodeling efforts continue to rise, the luxury carpet market is poised for sustained growth.

For instance, in September 2021, Mohawk Industries, Inc. launched a new carpet collection under the SmartStrand brand, which covers a blend of nylon, wool, polyester, and fiber; the new launch assists the company in covering all the prices and end-user preferences and target new as well as potential consumers to increase the business sales.

Therefore, this factor can anticipate supporting segment growth over the forecast year market growth.

(Source:www.sec.gov/Archives/edgar/data/851968/000119312523094801/d420362dars.pdf)

Market Dynamics of Luxury Carpet

High Raw Material Prices Rules and Increasing Duties by Government to Restrict Market Growth

The global luxury carpet market faces challenges due to the rush in raw material prices and government-imposed duties. Elevated costs of high-quality materials impact manufacturing expenses, hindering market growth. Additionally, increased government duties further restrict market expansion, affecting pricing and consumer affordability. Luxury carpet manufacturers must navigate these challenges, impacting their profit margins and market competitiveness. In response, the industry may explore alternative sourcing strategies, innovative manufacturing processes, and targeted marketing to mitigate the effects of high raw material prices and government duties, fostering resilience and adaptability in the luxury carpet market.

Impact of COVID–19 on the Luxury Carpet Market

The global luxury carpet market has experienced notable shifts due to the impact of COVID-19. The pandemic led to supply chain disruptions, causing production delays and affecting raw material availability. With lockdowns and economic uncertainties, consumer spending on non-essential items, includi...

The global carpet and rug market size is projected to grow from USD 53.81 billion in 2025 to USD 82.77 billion by 2035, recording a CAGR of 4.4%. Leading companies in the industry are Mohawk Industries, Shaw Industries, Interface, Tarkett, Beaulieu International, shaping trends across the global market landscape.

USD 38000 Million in 2024; projected USD 56558.54 Million by 2033; CAGR 4.5%.

Get key insights on Market Research Intellect's Carpet Market Report: valued at USD 45.3 billion in 2024, set to grow steadily to USD 60.2 billion by 2033, recording a CAGR of 4.0%.Examine opportunities driven by end-user demand, R&D progress, and competitive strategies.

Global Carpet and Rug Market is segmented by Application (Residential_Commercial_Hospitality_Offices_Retail), Type (Wool Carpets_Nylon Carpets_Polyester Carpets_Polypropylene Carpets_Natural Fiber Rugs), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

Learn more about the Nonwoven Carpet Market Report by Market Research Intellect, which stood at USD 4.2 billion in 2024 and is forecast to expand to USD 6.5 billion by 2033, growing at a CAGR of 6.3%.Discover how new strategies, rising investments, and top players are shaping the future.